Bitcoin’s hash rate has endured a series of significant price drawdowns only to emerge stronger than ever. We look at potential implications for bitcoin miners.
Does hash rate fall this significantly often? Miner monthly revenue nears 2017 levels. Hash price is now 48% up from the lows. Is this a mining death spiral?
This will be the third mining difficulty downward adjustment in a row with four downward adjustments over the course of the last five difficulty epochs.
PREDICT BITCOIN
